This is a summary of the 1 Jan - 30 Jun 2025 half year financial report. The complete report is attached to this release and is also available at
| EUR thousand | 1 Jan - 30 Jun 2025 | 1 Jan - 30 Jun 2024 | 1 Jan - 31 Dec 2024 |
|
Rental income |
1 760 |
1 724 |
3 471 |
|
EBITDA |
1 642 |
1 616 |
3 183 |
|
Operating profit |
888 |
862 |
1 675 |
|
Investment property (Yacht hotel) |
29 763 |
31 272 |
30 517 |
|
Total Equity |
25 315 |
26 377 |
24 570 |
|
Borrowings |
23 470 |
24 399 |
23 820 |
Financial summary 1 January – 30 June 2025
Rental Income for the reporting period was 1.760 MEUR (1.724 MEUR). Rental income in EUR was slightly affected by exchange rate fluctuations. Operating costs were in line with the budget.
Book value of the yacht hotel as of 30 June 2025 approximates the fair value of the yacht hotel based on income approach using discounted cash flow analyses. The fair value of the Yacht hotel is 49.9 MEUR based on the latest valuation report dated March 3rd, 2025.
Notable events during and after the end of the reporting period
Sunborn London Oyj bond is maturing on 5 February 2026, and refinancing process is well underway. The company is engaged in discussions with financing solutions to secure financing for full bond repayment before year-end 2025.
Estimated future development
Management believes the property will continue successful operations and Sunborn London Oyj’s financial performance and debt service capacity to remain stable.
Short-term risks and uncertainties
Sunborn London’s financial risks related to business are market risk (including interest rate risk and foreign currency risk), credit risk, liquidity risk and refinancing risk.
Sunborn London Oyj
Board of Directors
For additional information, please contact:
Hans Niemi, CEO, tel. +358 2 44 54 513,
Distribution:
Nasdaq
Disclosure regulation
The information contained in this release shall not constitute an offer to sell or the solicitation of an offer to buy securities of Sunborn London Oyj in any jurisdiction.
About Sunborn London Oyj
Sunborn London is part of Sunborn International Group, based in Finland. Sunborn International is a pioneer in innovative floating accommodation concepts. With over decades of experience, Sunborn designs, develops, and operates unique floating hotels and yachts around the world, including destinations in London and Gibraltar. The company combines sustainability and modern quality, offering unforgettable experiences by the water. Sunborn is headquartered in Finland and is a leading player in its field in the international market.